Agreement Signed for Development of Fujairah Port
- Business & Finance
Abu Dhabi Ports and the Port of Fujairah have signed a 35 year concession agreement to develop, manage and operate the Fujairah facility, reports the Emirates News Agency.
The agreement was signed Monday, June 19, by Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports and Captain Mousa Murad, General Manager of Port of Fujairah.
As part of the agreement, the two parties have announced the establishment of “Fujairah Terminals”, a new operational arm wholly owned by Abu Dhabi Ports.
Through the establishment of “Fujairah Terminals”, the agreement will grant Abu Dhabi Ports the exclusivity to enhance existing infrastructure in addition to managing all Container, General Cargo, RoRo and Cruise Ships in the port. It further extends this exclusivity throughout the emirate of Fujairah for Container business.
The agreement also includes deepening of berths to enable the port, which already serves clients and companies in the entire Gulf Region, Indian Ocean and Indian Subcontinent, to cater to larger vessels. Development includes deepening of berths to -16.5 meters to allow bigger vessels to come to the Port of Fujairah, building an approximate 300,000 sqm yard of storage space, as well as an additional 1km quay to accommodate the expected growth in the number of ships arriving to the port, increasing shipping operations in the process.
Abu Dhabi Ports will also work on equipping Fujairah Ports with new and advanced equipment such as STS post panama quay cranes, RTG’s as well as new IT systems, bringing efficiency to operations and better equipping it to meet the needs of global shipping companies and service operators in line with the highest international standards.
The development of berths and yards is set to begin in 2018. The port will remain operational during this time to service existing and new clients. Additional capacity and new quay cranes will begin operations in 2021, including the post panama quay cranes.